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Articles for Daly, search results for price

Powell says Federal Reserve is more confident inflation is slowing to its target
5 months, 1 week ago

Powell says Federal Reserve is more confident inflation is slowing to its target

Associated Press  

WASHINGTON — Chair Jerome Powell said Monday that the Federal Reserve is becoming more convinced that inflation is headed back to its 2% target and said the Fed would cut rates before the pace of price increases actually reached that point. “We’ve had three better readings, and if you average them, that’s a pretty good pace,” Powell said of inflation …

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San Francisco Fed president: ‘It’s really too early to declare victory on inflation’
1 year, 5 months ago

San Francisco Fed president: ‘It’s really too early to declare victory on inflation’

CNN  

New York CNN — Despite promising signs that inflation is abating, San Francisco Federal Reserve Bank President Mary Daly said the fight against price increases isn’t over. But she cautioned, “It’s really too early to declare victory on inflation.” The latest Consumer Price Index report published on Wednesday showed that annual inflation slowed from 4% to 3% in June, the …

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Fed officials agree on a March rate hike but little else
2 years, 10 months ago

Fed officials agree on a March rate hike but little else

Associated Press  

WASHINGTON — A worsening inflation picture has touched off a range of opinions from the Federal Reserve’s policymakers about just how fast they should raise interest rates beginning at their next meeting in March. Last week’s report on consumer inflation prompted a sharp increase in expectations for rate increases by the Fed this year. I think it’s timely to get …

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San Francisco Fed president: It’s too early to start talking about rate increases
3 years, 2 months ago

San Francisco Fed president: It’s too early to start talking about rate increases

CNN  

Editor’s Note: This interview has been editing for length and clarity. That’s what tapering would be — dialing back the amount of support we’re adding… We have a 2% average inflation target — we’ve made substantial further progress and actually gone over that level. Chatterley: Yeah, the brilliant thing about you is you always sort of make it human, and …

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